s slipped back sharply despite earlier posting new multi-year highs. The FTSE100 underperformed, finishing lower, largely due to weakness in basic resources and the slide in the oil price. US markets finished the day similarly mixed, also rebounding strongly off the lows of the day, moving inversely to the sharp slide in yields, after Pershing Square’s Bill Ackman tweeted that he had covered his bond shorts and that the US economy was weaker than it looked.
0is expected to open 12 points lower at 7,362. DAXis expected to open 28 points lower at 14,772. CAC40is expected to open 12 points lower at 6,838.
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